Galeries Lafayette's Champs Elysees store struggles as group faces $1 billion hit: CEO

Galeries Lafayette's Champs Elysees store struggles as group faces $1 billion hit: CEO

Reuters

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Galeries Lafayette's [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according to its CEO, who said the crisis would hit the group to the tune of 1 billion euros.

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